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RE: Blockchains; The Natural Approach To Thing

in LeoFinance3 months ago

The old system is trying to maintain the status quo while a new breed of technology is taking the natural approach

This will continue for a while. The government supports maintaining the status quo because the centralized power structure is easier for them. Crypto is gaining more steam as NFTs and BTC are starting to get more popular. Defi also gives much greater return than the traditional banking system but the risk from exit scams is fairly high. I think the risk and people's lack of knowledge for crypto is going to be a problem.

Our present data structures are mostly centralized

This is a problem because one or a few corporations can destroy people's lives easily. Decentralization allows for more options but until people move away from the centralized sources, I doubt there will be any fast progress.

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